Shares of Garrett Motion Inc. (GTX) are soaring 5.75% in pre-market trading on Thursday following the release of the company's strong first-quarter 2025 financial results. The turbocharging and electric-boosting gear maker reported earnings that surpassed analyst expectations and announced a significant win in the electric vehicle market.

For Q1 2025, Garrett Motion posted earnings of $62 million, or $0.30 per share, beating the analyst estimate of $0.29. The company's net sales totaled $878 million, exceeding the expected $843 million. Adjusted EBITDA came in at $159 million with an 18.1% margin, showing improved profitability compared to the same period last year.

Adding to the positive sentiment, Garrett Motion announced its first major series production award for electric motors, with production expected to start in 2027. This strategic win positions the company for growth in the expanding electric vehicle market. Despite facing challenges in the diesel segment and softer aftermarket sales in North America, Garrett Motion's strong performance in gasoline applications and its progress in zero-emission technologies have bolstered investor confidence.